Tax Status Of Family Child Care In A California Rental Home?
In California, a licensed small family child care (for up to 6 kids) in a rental home is considered residential- not business- use of the property. So if that's a fact, then
- Can the licensed small family child care in a California rental home be registered as an LLC? - If not, can the child care provider's income be taxed as business income (e.g. can the rent etc. be deducted from income taxes)? |
Originally Posted by Sergio: |
Originally Posted by Thriftylady: |
Originally Posted by Sergio: |
Here is a great article about whether or not you should become an LLC or not
http://www.tomcopelandblog.com/2011/...mpany-llc.html Here is the link to Tom Copelands blog. TONS of great info! Book mark the site as you will reference it often. ;) http://tomcopelandblog.typepad.com/t...ds-taking-car/ |
tax status
Originally Posted by Sergio: Rent is always deductible. |
Thanks, Tom!
If possible, I'd like to buy one of (your?) e-books that explicitly mentions what you just wrote. Which e-book would you recommend? |
books
Originally Posted by Sergio: |
Tom,
Sorry that I wasn't clear. I appreciate your free advice, but now would like to pay some money to get a more substantial advice. I could ask a lawyer, but I prefer to buy a book first on this subject. Can you recommend one that explicitly deals with the issue of running an LLC from a rental home in California? |
Didn't even need to respond, Sergio
Good luck! |
rental
Originally Posted by Sergio: |
Tom, you're too modest!
Will this book have all the information I need? http://www.redleafpress.org/Family-C...book-P919.aspx |
legal help
Originally Posted by Sergio: |
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